Revenue Estimates Analysis Of FireEye, Inc. (FEYE)

Ashley Carr
February 11, 2018

Finally, Evercore ISI set a $20.00 price objective on FireEye and gave the company a buy rating in a research report on Sunday, October 15th. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.28 average brokerage recommendation.

The company reported adjusted billings of $242.2 million, topping analysts' estimate of $221 million, according to research firm FactSet.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $17.09 on Fireeye Inc (NASDAQ:FEYE). Oppenheimer reduced their price objective on shares of FireEye from $23.00 to $22.00 and set an outperform rating for the company in a research note on Thursday, November 2nd. Bank of America upped their price objective on FireEye from $18.00 to $21.00 and gave the company a buy rating in a research report on Monday, September 25th. Wedbush reaffirmed a "neutral" rating and issued a $15.00 target price (up from $14.00) on shares of FireEye in a research report on Thursday, November 2nd. The company presently has a consensus rating of Buy and a consensus target price of $18.09. The biggest holder now is Mr. David G. Dewalt who owns 4,336,947 shares (2.35% of those outstanding), whilst Mr. Kevin R. Mandia holds 2,742,775 (1.49% of shares outstanding) and Michael J. Sheridan holds 1,157,910 (0.63% of shares outstanding). Shapiro Capital Management Llc owns $232.06 million in FireEye, Inc., which represents roughly 8.69% of the company's market cap and approximately 13.06% of the institutional ownership.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Thursday, February 8th.

The company reported a profit of 1 cent per share for the fourth quarter ended December 31, compared with analysts' average estimate of a net loss of 1 cent.

FireEye, Inc. (NASDAQ:FEYE) yearly performance is 28.25% and net profit margin is -39.30%.

For the current quarter Fireeye Inc (NASDAQ:FEYE) has average revenue estimates of $193.62 Million, a total number of 24 analysts provided estimations over revenues. During the same period in the prior year, the business posted ($0.03) EPS.

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The Milpitas, California-based company said it expected to report between breakeven and earnings of 4 cents per share for the full-year, compared with analysts' estimate of a net loss of 2 cents.

On 10/3/2017 Travis M Reese, President, sold 88,445 with an average share price of $17.50 per share and the total transaction amounting to $1,547,787.50. The sale was disclosed in a filing with the SEC, which is available through this link.

Several hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund now owns 403,076 shares of the information security company's stock valued at $6,131,000 after buying an additional 1,161 shares in the last quarter. FDx Advisors Inc. raised its holdings in shares of FireEye by 16.7% in the 4th quarter.

Fireeye Inc (NASDAQ:FEYE) as of current trade, has shown weekly performance of -6.24% which was maintained at -3.95% in one month period. Private Advisor Group LLC lifted its position in shares of FireEye by 1.2% during the 1st quarter.

Cyber security vendor FireEye has reported its first ever quarterly profit since listing on the New York Stock Exchange in 2013. Finally, K.J. Harrison & Partners Inc purchased a new position in FireEye during the third quarter worth about $168,000. According to today's trading volume FireEye, ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Trading volume for FireEye, Inc. was 7.54 Million in its previous trading session.

Meanwhile, during the same quarter FireEye, Inc.

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